Bit2Me Obtains Bank of Spain Authorization To Provide Stablecoin-Based Payment Services

Bit2Me said it became the first Spanish platform to obtain authorization from the Bank of Spain to provide payment services based on electronic money tokens, with the milestone announced this Monday.

“Banks have stopped asking if stablecoins belong in finance, now they're considering how Financial institutions are racing to become the secure gateways for stablecoins as digital asset volume is projected to explode by 2030”

@coindesk

The authorization, described as the PSD2 license for transfers with stablecoins, makes Bit2Me the first crypto asset service provider in Europe to simultaneously hold the MiCA license and payments enablement.

@coindesk

Finect said the MiCA Regulation establishes a specific regime for electronic money tokens, stating they can only be issued by authorized entities such as electronic money institutions or credit institutions.

Bit2Me co-founder and CEO Leif Ferreira said, "Obtaining this authorization allows us to continue integrating the world of crypto assets with the traditional financial system under the highest regulatory standards and accelerate the adoption of regulated digital assets in Europe," as the company said it will integrate regulated stablecoins into transfers and settlements under direct regulatory supervision.

Visa launched stablecoin settlement in the United States so American issuer and acquirer partners can settle their VisaNet obligations in USDC, Circle’s fully reserved and dollar-denominated stablecoin.

Club Patrimoine said settlement takes place directly on supported blockchains, delivering faster funds movement and seven-day-a-week availability, while Visa said the deployment occurs without changing the card payment experience for consumers.

Club Patrimoine

The initial participating banks are Cross River Bank and Lead Bank, which have begun settling in USDC on the Solana blockchain.

Visa Consulting & Analytics launched a Stablecoins Advisory Practice alongside the rollout, and Visa said the framework enables seven-day settlement windows versus the traditional five business days.

CoinDesk said banks have stopped asking if stablecoins belong in finance and are now considering how financial institutions should become secure gateways for stablecoins as digital asset volume is projected to explode by 2030.

“BNY, the world's largest custodian bank with $59”

Cryptonaute

The article said Standard Chartered and BNY are increasingly integrating Circle’s USDC into their infrastructure, with Chainalysis estimating stablecoin settlement volumes could reach a quadrillion dollars a year by 2030.

CoinDesk quoted Andrew MacKenzie, founder and CEO of Scotland-based stablecoin issuer Agant, saying, "Banks aren't asking whether they'll use stablecoins anymore. They're deciding how they'll use them," as the discussion shifts from whether to use stablecoins to how banks fit into the networks forming around them.

The same piece also included Jan-Oliver Sell, CEO of Qivalis, saying, "If we don't have a euro on the blockchain, the banks will use the dollar because it's there, it's available and it has a lot of liquidity," in describing Europe’s push for euro-denominated liquidity under MiCA.